Fund profile / Singapore

Circulate Capital Latin America & Caribbean Fund (LAC Fund)

Geography: Singapore
Stage: Pre-Seed
Fund size: $75.8M
Focus: AI/ML and Climate & Sustainability
Signals: Published

N°01 / About

About Circulate Capital Latin America & Caribbean Fund (LAC Fund)

Circulate Capital Latin America & Caribbean Fund (LAC Fund) is a venture capital firm based in Singapore, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionSingapore

Funding StagePre-Seed

Industry Focus

AI/ML

Climate & Sustainability

Investor Signals Profile

active

Sweet Spot

Deep-tech waste/recycling founders scaling in SE Asia

circular economy

materials innovation

climate finance

impact investing

flexible packaging

Southeast Asia waste

Bullish Signals

Active at Rethinking Materials investor panelexternal

Focus on underfunded materials transition gapsexternal

Launched Lift Collaborative — plastic pollution pushlinkedin

WWF + Builders Vision partnership signallinkedin

Portfolio co Circ named TIME100 2026linkedin

Textile-to-textile recycling at real-world scalelinkedin

Circ: brand + policy + capital alignment achievedlinkedin

Transitioned from thesis-proving to active scalinglinkedin

2025 Progress Report shows financial+environmental performancelinkedin

Portfolio delivering resilient supply chain resultslinkedin

Asia Fund II: US$220M first close, 70% toward US$300M goallinkedin

ADI US$13M commit signals sovereign backing, Indonesia focuslinkedin

Fund targets 2M tonne waste processing capacity SE Asialinkedin

30M tonnes landfill diversion, 50M CO₂ reduction projectedlinkedin

KINETIK partnership deepens Australia-Indonesia climate tieslinkedin

Flexible packaging shift to paper-based alternatives investinglinkedin

Ellen MacArthur Foundation collaboration on packaging solutionslinkedin

Unilever 10-15 kilotons paper packaging by 2028external

Major corporates (Nestlé, Mars) scaling packaging innovationsexternal

Stephanie C. joins CFO — 20yr PE expertise, institutional scale readylinkedin

Regula transitions to Senior Advisor post 7yr founding leadershiplinkedin

$500M AUM established; Fund II final close in motionlinkedin

Contrarian Signals

Niche materials focus — narrow deal universeexternal

Emerging markets exposure adds execution risklinkedin

Flexible packaging tech not yet at commercial scaleexternal

Founder Do's

Focus on systemic material transformation

Show new investor model thinking

Address funding gaps in materials

Link innovation to climate impact

Target emerging economy plastic/waste markets

Tackle flexible packaging transition problems

Founder Don'ts

Pitch incremental, non-systemic solutions

Ignore material category specificity

Skip risk/return narrative for investors

40 signals on Circulate Capital Latin America & Caribbean Fund (LAC Fund)

22 bullish · 3 contrarian · 6 pitch do's · 3 don'ts · 6 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$75.8M

Saves0

Website

People

Key People

Rob Kaplan, Saurabh Areek

Wolfgang HafenmayerFounding Partner

Rob KaplanPartner

Pinar Ademoglu VatandostPartner

Peter MajeranowskiPortfolio Operator / Partner

Regula ScheggFounding Partner → Senior Advisor / IC Member

Stephanie C.Chief Financial Officer

Backers

Known LPs

IFC (International Finance Corporation)Public / State institution

British International Investment (BII)Public / State institution

Impact Fund DenmarkPublic / State institution

+12 more LPs in LP Radar

N°04 / See also

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